/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/
MONTREAL AND TORONTO, Sept. 30, 2014 /CNW Telbec/ - September 30, 2014 -
Fiera Capital Corporation ("Fiera") (TSX: FSZ), announced today that it
has completed the wind up of Propel Capital Corporation ("Propel") into
Fiera, which it acquired on September 2, 2014. As a result, the
management agreements ("Management Agreements") between Propel and each
of the Canadian Convertibles Plus Fund, Canadian High Yield Focus Fund,
CHYF Trust, Diversified Convertibles Fund, North American Preferred
Share Fund, North American REIT Income Fund, Senior Secured Floating
Rate Loan Fund, SIA Trust and Strategic Income Allocation Fund
(collectively with the aforementioned funds, the "Funds") have been
assigned to Fiera. The Management Agreements will continue in full
force and effect as originally constituted, except that Fiera will
assume all of Propel's rights, obligations and duties under each
Management Agreement. However, as previously announced, the
accomplished managers including Raj Lala, Krista Matheson and Keith H.
Crone, have joined Fiera's team of experienced investment
professionals. These managers will continue to be responsible for the
daily activities of the Funds and will be responsible for creating
additional closed end funds in the future in order to provide investors
with new and innovative investment opportunities.
Forward-Looking Statements
This press release may contain forward-looking statements and
information within the meaning of applicable securities legislation. In
some cases, forward-looking statements can be identified by the
expressions "seek", "expect", "believe", "estimate", "will", "target",
"may", "should", "plan", "anticipate", "predict", "potential",
"continue", "intend" or the negative of these terms, or other
comparable terminology. The forward-looking statements are not
historical facts but reflect the current expectations of Fiera and the
portfolio managers of the underlying portfolios regarding future
results and events and are based on information currently available to
them. Certain material factors and assumptions were applied in
providing these forward-looking statements. All forward-looking
statements in this press release are qualified by these cautionary
statements. Fiera believes that the expectations reflected in
forward-looking statements are based upon reasonable assumptions;
however. Fiera can give no assurance that the actual results or
developments will be realized. These forward-looking statements are
subject to a number of risks and uncertainties that could cause actual
results or events to differ materially from current expectations.
Readers, therefore, should not place undue reliance on any such
forward-looking statements. Further, a forward-looking statement speaks
only as of the date on which such statement is made. Fiera undertakes
no obligation to publicly update any such statement or to reflect new
information or the occurrence of future events or circumstances except
as required by securities laws. These forward-looking statements are
made as of the date of this press release.
About Fiera Capital Corporation
Fiera Capital Corporation is a leading publicly traded, independent
investment firm, with more than $82 billion in assets under management.
Fiera is one of only a handful of full service, multi-product
investment firms in Canada, offering clients a proven top tier track
record in Canadian and foreign equity and fixed income management as
well as depth and expertise in asset allocation and non-traditional
investments. www.fieracapital.com
Additional information relating to Fiera, including Fiera's annual
information form, is on SEDAR at www.sedar.com.
SOURCE Fiera Capital Corporation
